Acme Solar Holdings has emerged as the winning bidder for 275 MW/550 MWh of standalone battery energy storage systems (BESS) across two projects in Andhra Pradesh.
Bergen Pipe Supports India’s factory in Tirupati, Andhra Pradesh, is projected to save more than INR 70 lakh per annum from their rooftop solar system, with payback in just 3 years 8 months.
SAEL has secured $132 million in debt financing for the development of a 300 MW solar power project in Andhra Pradesh. The funding was secured from Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale with each committing $44 million to the project.
Hyderabad-based Bondada Engineering Ltd has secured the development of a 2.6 GWp solar power project in Ananthapuramu and Sri Sathya Sai districts of Andhra Pradesh.
ReNew has started building a hybrid renewable energy project in Andhra Pradesh, which, upon completion, will have an installed capacity of around 2.8 GW (1.8 GWp of solar and 1 GW wind power), supported by a 2 GWh battery energy storage system.
Union minister of new and renewable energy, Pralhad Joshi, recently visited Greenko’s $4.2 billion integrated renewable energy project that combines 4 GW of solar and 1 GW of wind power generation components with 1.68 GW/10.08 GWh pumped hydro storage.
ACME Solar Holdings has refinanced its 490 MW of operational renewable energy projects in Andhra Pradesh, Rajasthan and Punjab with long-term debt facility from SBI and REC.
Tata Power Renewable Energy Ltd has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to jointly explore opportunities for the development of up to 7 GW of renewable energy projects, including solar, wind, and hybrid projects with or without storage solutions.
TP Solar has secured a contract from the Solar Energy Corp of India Ltd (SECI) to supply 292.5 MWp of PV modules complying with the Domestic Content Requirement.
Sineng Electric supplied 184 units of its 3.3 MW central inverter (EP-3300-HB-UD), delivering a cumulative capacity of 606 MW AC.
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